Asia-Pacific Solar technology contracts activity drops 35% in May 2020

7 June 2020 (Last Updated August 16th, 2020 05:06)

Asia-Pacific Solar technology contracts activity drops 35% in May 2020

Asia-Pacific solar technology contracts in May 2020 saw 22 contracts announced, marking a drop of 35% over the last 12-month average of 34, according to GlobalData’s power industry contracts database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

The proportion of solar technology contracts by category tracked by GlobalData in the month was as follows:

  1. Project Implementation with ten contracts and a 45.5% share
  2. Power Purchase Agreement: seven contracts and a 31.8% share
  3. Supply & Erection: five contracts and a 22.7% share.

Australia tops Asia-Pacific solar power contracts activity

Australia was the top country in the Asia-Pacific region for solar technology contracts recorded in May 2020 with seven contracts and a 31.8% share, followed by India with three contracts and a 13.6% share and Singapore with two contracts and a 9.1% share.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Asia-Pacific solar technology contracts in May 2020: Top companies by capacity

The top issuers of contracts for the month in terms of power capacity involved in Asia-Pacific were:

  1. Solar Energy Corporation of India (India): 400MW from one contract
  2. CleanCo Queensland: 352MW from one contract
  3. Electricite du Laos (Laos): 76MW capacity from one contract.

Asia-Pacific solar technology contracts in May 2020: Top winners by capacity

The top winners of contracts for the month in terms of power capacity involved in Asia-Pacific were:

  1. Renew Solar Power Pvt (India): 400MW from one contract
  2. Neoen Australia Pty (Australia): 352MW from one contract
  3. Power Engineering Consulting two Joint Stock (Vietnam): 100MW capacity from one contract.

All publicly-announced contracts are included in this analysis drawn from GlobalData’s Power database, which covers power plants, T&D projects, equipment markets, analysis reports, capacity and generation, and tracks tenders and contracts on a real-time basis.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s Power database.